lendingpoint pincusann azevedofinledger is an online lending company that was founded in 2007. The company is now one of the fastest growing online lenders. It is backed by Warburg Pincus, a leading investment firm. It has invested in various companies including the digital security platform Aura and cloud-based legal document management. It also recently acquired a stake in a building compliance services company in the UK.
Managing Editor of FinLedger
The Managing Editor of FinLedger, Mary Ann Azevedo, has been writing about fintech for several years. Her work has focused on demystifying the fintech space and the intersection of finance and technology. She has a goal of making the space accessible to a wide range of people, and this goal is reflected in the editorial approach she takes and the culture of her team.
Mary Ann Azevedo has been named Managing Editor of FinLedger, a fintech media brand aimed at financial services professionals. She will report on news and trends in the industry, and she will also lead the team of fintech journalists. Before joining FinLedger, Azevedo was a fintech reporter at HousingWire. She has also been a contributor to Forbes and Crunchbase News. Her work as a journalist has landed her a position on the Forbes list of top writers, and her articles are ranked number seven on Techmeme’s Author by Presence.
Warburg Pincus investment in Dime Bancorp
Warburg Pincus, a mega-sized private equity firm, has agreed to invest $238 million in Dime Bancorp. The company plans to buy up to 12.5 percent of the bank’s stock. The investment comes as the bank faces a hostile takeover bid from North Fork Bancorp. Following the deal, Dime Bancorp will name a veteran banking executive as its new chairman. Dime Bancorp has 127 branches mostly in the New York City area.
After the announcement, the holding company said it has initiated a number of initiatives to improve the business. For example, it will distribute the economic interest in a “goodwill” lawsuit to Dime shareholders. The company will also examine revenue improvements and cost-cutting initiatives.
The new board will be led by Tony Terracciano, who served as CEO of First Fidelity Bancorp before it was acquired by First Union. The Warburg Pincus investment is raising questions about the future of the $1.9 billion hostile bid by North Fork Bancorp.
